Kirkland's Inc is a specialty retail company that focuses on home décor and furnishings. It offers a wide range of products, including decorative accessories, furniture, textiles, and seasonal items, catering to consumers looking to enhance their living spaces. The company emphasizes a unique shopping experience by providing a variety of stylish and affordable home goods, often blending traditional and modern design elements. Through its network of stores and online presence, Kirkland's aims to inspire customers with fresh and innovative products for their homes. Read More
Beyond, Inc. (NYSE:BYON) (the “Company”), owner of Bed Bath & Beyond, Overstock, buybuy BABY, and a blockchain asset portfolio, announced the closing of a $5.2 million expansion of the existing credit facility with Kirkland’s, Inc. (Nasdaq: KIRK). The upsized facility is intended to strengthen Kirkland’s financial position, provide flexibility for general working capital purposes and support an updated store conversion strategy.
After the conclusion of the US market's regular session on Wednesday, let's examine the after-hours session and unveil the notable performers among the top gainers and losers.
Kirkland's Inc. reported Q3 2024 sales decline of 1.7%, beating consensus. Comparable sales decreased 3.0%, gross margin expanded, and operating loss reduced. Formed a strategic partnership and ended with 325 stores.
Kirkland's Inc (NASDAQ:KIRK) shares are trading higher Monday after the company announced that Bed Bath & Beyond owner Beyond Inc (NYSE:BYON) will invest $25 million in the company.
Kirkland's reported a 5.3% year-over-year sales decline in Q1 FY24, reaching $91.75 million, missing the $93.07 million estimate. Comparable sales dropped 3.5%, with a 19.1% e-commerce sales decline, while store sales rose 2.8%. Gross profit margin improved 280 basis points to 29.5%. Adjusted EPS loss of $(0.68) beat expectations. Kirkland's reveals cost savings initiatives and retains financial advisor to review strategic alternatives.
